Praxis 5101 Business Education Exam 200 Questions And Answers
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Terms in this set
200
Business Ethics
Promotes fairness and accountability in business practices.
Opportunity Cost
Cost of the next best alternative decision.
Balance Sheet
Reports assets, liabilities, and equity at a point.
Market Segmentation
Identifies consumer groups with similar characteristics.
Capital Budgeting
Evaluates long-term investments and projects.
Intangible Asset
Non-physical asset like a patent.
Break-even Point Formula
Fixed Costs / (Price - Variable Costs per Unit).
Four Ps of Marketing
Product, Place, Price, Promotion.
Sole Proprietorship
Owned by a single individual with full control.
Depreciation
Allocation of tangible asset cost over useful life.